Can $SUSHI continue to be held after the surge?
The surge in SUSHUI can be seen from several key factors,
1. DeFi market recovery: As the decentralized finance (DeFi) market picks up, the demand for decentralized trading platforms like SushiSwap has increased, directly driving the value of SUSHI tokens up.
2. Institutional investors intervene: Golden Tree, a well-known asset management company, invested about $5.3 million in SushiSwap, which boosted market confidence and brought upward momentum to the price of SUSHI.
3. Market sentiment and speculative craze: The breakthrough of the $100,000 mark in the big cake has stimulated investor sentiment, and more speculative funds have flowed into the market, driving up the prices of multiple tokens including SUSHI.
If the bull market continues and the DeFi market continues to grow, SushiSwap's performance in cross-chain functions, technological innovation, and ecological expansion may further increase the value of SUSHI. Therefore, SUSHI tokens are expected to rise further, and may return to the previous highs (20-25 range) in the short term, or even break through higher price levels.
In the context of a bull market, SUSHI still has the potential to rise, but investors should operate with caution and flexibly adjust strategies based on market sentiment and trend changes.
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